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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #36 "Through and through Sept 04, 2016

in #steem8 years ago

COMMENT

Low volume and also not much volatility, the downtrend moves were very low on volume and it seems the price is making a new higher low which is a bullish sign.
Seems there is a good chance of another day of accumulation in the ~0.00153 - ~0.00137 zone.
The volume on the downtrend is pretty low, and if it keeps the downtrend I wouldn't expect the price to break the all time low from Poloniex.
The chance is of a harder uptrend is there but I personally think it is too early to exit this price levels, this is a good price for some accumulation for the future and I think people will use the chance.

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I wholeheartedly agree. I am buying some more soon. Just waiting for payday.

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